Homework Answers
| Job Cost Sheet | Amount $ | ||
| Direct materials | 6,491 | ||
| + | Direct Labor | 6,383 | |
| + | Overhead for Purchasing | 30,000 | =2500*12 |
| + | Overhead for Designing | 41,400 | =4500*9.2 |
| + | Overhead for Shipping | 45,000 | =3000*15 |
| = | Total Job Cost | 129,274 | |
| / | Units Produced | 35,935 | |
| = | Per Unit Cost | 3.60 | |
| Working: | |||
| Activity rate | |||
| Purchasing | 12.00 | =93000/(2500+5250) | |
| Designing | 9.20 | =92000/(4500+5500) | |
| Shipping | 15.00 | =87000/(3000+2800) | |
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Question 1 0/6 pts A company has two products: standard and deluxe. The company expects to...
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A company has two products: standard and deluxe. The company expects to produce 40,304 Standard units and 42,738 Deluxe units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools. Budgeted Activity of Cost Driver Budgeted OH Cost Standard Deluxe Activity 1: Purchasing $ 93,000 2,500 Purchases 5,250 Purchases Activity 2: Designing $ 92,000 4,500 Designs 5,500 Designs Activity 3: Shipping $ 87,000 3,000 Orders...
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Need help with this problem
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Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses...
Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing. has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Material insertion Automated machinery Finishing Packaging Total Cost $ 232,000 2,489,000 847,000 184,000 184,000 $3,936,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped The following information pertains to the three product lines for next...
Need help with this problem
A company has two products: standard and deluxe. The company expects to produce 35,494 Standard units and 40,198 Deluxe units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools. Budgeted Activity of Cost Driver Budgeted Standard Deluxe OH Cost $ 93,000 2,500 Purchases 5,250 Purchases Activity 1: Purchasing Activity 2: Designing $ 92,000 4,500 Designs 5,500 Designs Activity 3:...
A company has two products: standard and deluxe. The company expects to produce 39,166 Standard units and 44,122 Deluxe units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools. Budgeted Activity of Cost Driver Budgeted Standard Deluxe OH Cost $ 93,000 2.500 Purchases 5,250 Purchases Activity 1: Purchasing Activity 2: Designing $ 92,000 4,500 Designs 5,500 Designs Activity 3: Shipping $ 87,000 3,000 Orders...
A company has two products: mini and regular. The company expects to produce 36,375 mini units and 35,957 regular units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools. Budgeted Activity of Cost Driver Activity Cost Pool Budgeted Cost Mini Regular Purchase Activity 1: Purchasing $ 98,415 Purchase 2,000 Orders 3,000 Orders Activity 2: $ 96,000 5,500 Designs 6,500 Designs Designing Activity 3: $...
Rocket Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Material handling Material insertion Cost 225,000 2,475,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped Automated machinery 840,000 170,000 Finishing Packaging Total 170,000 $ 3,880,000 The following information pertains to the three product lines...
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Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Material handling Material insertion Automated machinery Finishing Packaging Total Cost $ 283,000 2,750,000 851,000 207,000 207,000 $4,298,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped The following information pertains to the three product lines...
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